Senvion to to reduce workforce by 780

13.03.2017
Senvion plans to reduce workforce by 780 (photo: Senvion)
Senvion plans to reduce workforce by 780 (photo: Senvion)

Senvion has announced the reduction of an estimated 780 jobs, mainly at Senvion's facilities in Husum, Trampe and Bremerhaven in Germany as part of an “extensive program” to secure competiveness. The company will meet with employees' representatives as soon as possible to begin the negotiations.

In a press release distributed today Senvion says that the company has started an initiative to “identify excess costs across the entire company, opportunities to reduce overcapacity in production, and invest in research and development, new technologies as well as the quality of Senvion's products and services.” The program is part of the company's overall strategy that the management will detail when the company presents 2016 financial results. Senvion already announced plans during the IPO to boost operating results.

The program is aimed to put Senvion on a path of profitable growth in a difficult environment, while wind turbine makers are under strong price pressure and dealing with a shift in demand from established markets to growth regions in South America and Asia.

"We are setting the ground work for the successful future of the company," said Senvion CEO Jürgen Geissinger. "There is no alternative to decisive changes in order to secure the long term competitiveness of our company with 4,100 employees." Senvion in recent years has developed new products, improved processes, and made the required investments. Now we have to follow through on our strategy and pave the ground for future global growth."

"We have consistently highlighted efficiency improvements as one of the core focus points for a successful future. The announced changes are tough but a required step in that direction," adds Senvion CFO Manav Sharma.

Senvion has manufacturies for wind turbines in Husum (North Friesland), Trampe (Brandenburg) and Bremerhaven, as well as in Portugal. The systems are designed at the Senvion TechCenter in Osterrönfeld. The company has approximately 4,500 employees worldwide.

Buddensiek / Senvion

Similar Entries

Husum Wind 2019: New concept for the fair

Following WindEnergy Hamburg, the industry is now looking expectantly towards Husum, where Husum Wind, the leading national wind trade fair will be held from 10 to 13 September 2019.

The Wind Turbine Market is set to grow from its current market value of more than $50 billion to over $70 billion by 2024; as reported in the latest study by Global Market Insights, Inc.

Slowly but surely the floating offshore wind energy sector is becoming more and more important, particularly because of the fact that the number of locations with shallow waters suitable for fixed-bottom foundations is limited. Floating wind is turning into a highly scalable future energy source because the wind resource in deep waters is extensive and offers a significant potential for marine renewable energy development and growth to many countries.

Only includes onshore wind capacity. Total fully commissioned onshore wind capacity in 2018 was 45.4GW. SGRE is Siemens Gamesa Renewable Energy (Source: BloombergNEF)

Developers commissioned a little over 45GW of onshore wind turbines globally in 2018 compared with 47GW a year earlier. Just four manufacturers accounted for more than half, or 57%, of the machines deployed: Denmark’s Vestas, China’s Goldwind, GE Renewable Energy of the U.S. and Spain’s Siemens Gamesa.